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(NELCO) Nelco complete technical analysis [charts+indicators] | Buy/Sell Nelco | (NELCO) share price targets

Complete technical analysis of Nelco (NELCO) by charts plus indicators, forecast predictions and share price targets for Nelco (NELCO)

Nelco trades in NSE in IT Networking Equipment sector.

Showing technical analysis as on 2024-07-05 View latest technical analysis

10 day averaged volume of Nelco is 380828

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	905.30	878.00	957.00	870.00	6 times
04 Thu Jul 2024	883.05	793.50	898.00	789.50	8.02 times
03 Wed Jul 2024	793.40	765.00	803.00	765.00	0.465 times
02 Tue Jul 2024	766.80	779.85	786.00	763.00	0.252 times
01 Mon Jul 2024	769.85	770.30	775.00	764.15	0.201 times
28 Fri Jun 2024	770.30	774.00	779.95	768.15	0.108 times
27 Thu Jun 2024	769.05	780.00	794.20	763.05	0.207 times
26 Wed Jun 2024	779.40	789.30	790.00	775.00	0.151 times
25 Tue Jun 2024	784.80	799.00	803.20	781.00	0.143 times
24 Mon Jun 2024	798.00	785.15	804.00	778.20	0.247 times

Stock of Nelco (NELCO) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 878.5, for a target of 831.3 or 791.94

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	642.55
Downside Target	676.40
Downside Target	695.00
Downside Target	729.50
Downside Target	745.00
Downside Target	763.00
Downside Target	804.00
Downside Target	825.00
Downside Target	833.00
Downside Target	848.65
Upside Target	957.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	793.2
Downside Intraday Target	681.1
Upside Intraday Target	987.2
Upside Intraday Target	1069.1
Downside Intraday Target	875.1

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	905.30	770.30	957.00	763.00	17.443 times
28 Fri Jun 2024	770.30	785.15	804.00	763.05	0.644 times
21 Fri Jun 2024	790.55	805.00	819.00	778.10	0.295 times
14 Fri Jun 2024	802.95	731.55	825.00	729.50	3.933 times
07 Fri Jun 2024	730.65	745.00	745.00	642.55	0.48 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Nelco (NELCO)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	905.30	770.30	957.00	763.00	1.906 times
28 Fri Jun 2024	770.30	745.00	825.00	642.55	1.568 times
31 Fri May 2024	718.45	764.00	778.00	698.30	0.542 times
30 Tue Apr 2024	756.25	712.00	848.65	695.00	1.168 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Nelco (NELCO)

Price action analysis of Nelco ( (NELCO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nelco ( (NELCO) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Nelco ( (NELCO) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Nelco stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Nelco in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nelco Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Nelco in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Nelco is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 880.09 and Nelco (NELCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Nelco (NELCO) stock. Volume based technical analysis of Nelco (NELCO) stock is negative.

Nelco Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.